Gaming Guru

Gaming Control Board gives preliminary OK to sale of John Ascuaga's Nugget

LAS VEGAS -- State gaming regulators granted preliminary approval Wednesday for the sale of John Ascuaga’s Nugget in Sparks to a private investment group.

The Gaming Control Board didn’t have any issues with Global Gaming & Hospitality, which will operate the resort. Michael Kim and Carlton Geer, partners in Global Gaming, were given a pre­liminary finding of suitability by the Nevada Gaming Commission last month.

A sales price for the transaction, which will end more than 50 years of family ownership in the Northern Nevada hotel-casino, was not disclosed.

The new ownership said previously it plans to invest $50 million on improvements to the 1,600-room hotel-casino. Initially, the company stated it would spend $20 million over the next two years on new gaming equipment, restaurant renovations and other upgrades to the property’s public area.

The Nevada Gaming Commission will make a final ruling on the ownership change on Nov. 21.

Casino City is an independent directory and information service free of any gaming operator's control.
Warning: You must ensure you meet all age and other regulatory requirements before entering a
Casino or placing a wager. There are hundreds of jurisdictions in the world with Internet access and
hundreds of different games and gambling opportunities available on the Internet.
YOU are responsible for determining if it is legal for YOU to play any particular games or place any
particular wager.